ARTICLE · 28 OCTOBER 2014

Ireland’s Finance Bill 2014 – Key Points For Multinational Companies

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The key points relevant to multinational companies were announced last week and the Bill contains the details relating to those announcements.

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Alan Connell

Catherine Galvin

Turlough Galvin

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Following the budget statement last week, the Irish Finance Bill 2014 (the "Bill") was published yesterday, 23 October 2014. The key points relevant to multinational companies were announced last week and the Bill contains the details relating to those announcements.

As expected, the Bill did not include any detail relating to the "Knowledge Development Box" announced last week. Over the coming weeks we expect a consultation process to be launched with a view to implementing legislation being published in 2015. Matheson will participate in that consultation process.

Corporate Tax Residency Rules

Under existing Irish law, certain companies incorporated in Ireland are not treated as tax resident in Ireland if they are managed and controlled outside of Ireland.

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